{"id":7003,"date":"2026-04-27T08:45:11","date_gmt":"2026-04-27T08:45:11","guid":{"rendered":"https:\/\/8657085.xyz\/?p=7003"},"modified":"2026-04-27T08:45:11","modified_gmt":"2026-04-27T08:45:11","slug":"ecb-set-to-hold-rates-steady-with-eye-on-iran-crisis","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=7003","title":{"rendered":"ECB set to hold rates steady with eye on Iran crisis"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" 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\/>\n<\/p>\n<div>\n<p><em><small>&#8216;The bank is back in crisis mode,&#8217; ING economist Carsten Brzeski says &#8211; Copyright AFP Kirill KUDRYAVTSEV<\/small><\/em><\/p>\n<p><em>Louis van Boxel-Woolf<\/em><\/p>\n<p>The European Central Bank is expected to hold interest rates steady again this week as it waits to see if the inflation spike triggered by the Middle East war will prove temporary or begin to weigh on growth.<\/p>\n<p>Markets ramped up their bets on a rate hike after the US-Israeli war on Iran sparked a global energy shock, which is already pushing up eurozone consumer prices.\u00a0<\/p>\n<p>Inflation in the 21-nation single currency area jumped to 2.6 percent in March, above the ECB\u2019s two-percent target, and the bank has warned it could surge far higher in a worst-case scenario.<\/p>\n<p>ING economist Carsten Brzeski said the ECB\u2019s mantra before the war \u2014 that it was in a \u201cgood place\u201d on rates \u2014 was \u201cno more\u201d.<\/p>\n<p>\u201cThe bank is back in crisis mode, shifting its focus from longer-term projections to actual developments and back to a \u2018driving at sight\u2019 approach,\u201d he said.<\/p>\n<p>Still, economists expect the central bank not to make any moves at its meeting Thursday and keep its benchmark deposit rate at two percent, where it has been since June last year, as it waits to see how the war plays out.<\/p>\n<p>US President Donald Trump has extended a ceasefire with Iran to allow more time for peace talks, and strikes have mostly ended around the region, though the Strait of Hormuz remains largely closed to tanker traffic.<\/p>\n<p>Energy prices have also not risen as fast as they did in the aftermath of Russia\u2019s full-scale invasion of Ukraine in 2022, economists note, and supply chains are not facing the same disruptions.<\/p>\n<p>\u2013 \u2018Not in a rush\u2019-\u00a0<\/p>\n<p>Despite the ghosts from 2022, when the ECB was criticised for moving to slowly to raise rates as inflation surged, policymakers have signalled they are not in a hurry.<\/p>\n<p>\u201cWe are not in a rush,\u201d Bank of Latvia governor Martins Kazaks, a member of the ECB\u2019s rate-setting governing council, told The Financial Times last week.<\/p>\n<p>\u201cWe still have the large luxury of collecting data and forming our view,\u201d he added.<\/p>\n<p>Rate increases would also weigh on the lacklustre eurozone economy, whose crucial manufacturers in particular face new pressure from the energy shock.<\/p>\n<p>A survey released last week showed that eurozone business activity contracted for the first time in 16 months in April due to the war\u2019s impact.<\/p>\n<p>In the United States, economists have pushed back their expectations of rate cuts as the Iran energy shocks adds to inflationary pressure, and the Federal Reserve is also expected to keep rates on hold when it meets Wednesday.<\/p>\n<p>\u2013 \u2018Double uncertainty\u2019 \u2013<\/p>\n<p>Much comes down to whether Iran and the United States can come to a lasting agreement that secures Gulf oil and gas supplies through the Strait of Hormuz, a factor over which the ECB has no control.<\/p>\n<p>All eyes will be on ECB President Christine Lagarde\u2019s press conference after the meeting for clues about the outlook for rates.<\/p>\n<p>But she is likely to repeat language of recent weeks that the bank is \u201cwell positioned\u201d to deal with the fallout from the war, and refuse to be drawn on future decisions.<\/p>\n<p>Speaking in Berlin last week, Lagarde said the institution was facing \u201cdouble uncertainty\u201d in that it was unclear both how long the shock would last and what its effects on the broader economy would be.<\/p>\n<p>\u201cThe stop-start nature of the conflict \u2014 war, ceasefire, peace talks, their collapse, a naval blockade, its lifting, its reinstatement \u2014 makes it exceptionally hard to gauge the duration and depth of the consequences,\u201d she said.<\/p>\n<p>Still, most economists believe the ECB will not take any action on rates just yet.<\/p>\n<p>The situations now and in 2022 are \u201cvery different\u201d, Oddo BHF economist Bruno Cavalier said.<\/p>\n<p>\u201cThe conditions for a surge in non-energy prices and wages are not in place,\u201d he added. \u201cThe ECB has the luxury of doing nothing.\u201d<\/p>\n<\/p><\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; grid-template-columns: 728px 160px; gap:2px; width:908px; background:#eee; padding:2px;\">\r\n\r\n  <!-- \u901a\u680f\u9876\u90e8\uff1a\u6700\u5927\u6a2a\u5e45 908x258 \u8de8\u6574\u884c -->\r\n  <div style=\"grid-column:1\/-1; height:258px; background:#ff6b6b; display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114307\" data-width=\"908\" 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END-->\r\n  <\/div>\r\n\r\n<\/div><br \/>\n<br \/> ECB set to hold rates steady with eye on Iran crisis<br \/>\n<br \/>#ECB #set #hold #rates #steady #eye #Iran #crisis<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;The bank is back in crisis mode,&#8217; ING economist Carsten Brzeski says &#8211; Copyright AFP&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[792,7767,3972,4796,318,1081,874,1076],"class_list":["post-7003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-crisis","tag-ecb","tag-eye","tag-hold","tag-iran","tag-rates","tag-set","tag-steady"],"featured_image_urls":{"full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",768,507,false],"thumbnail":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37-150x150.jpg",150,150,true],"medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37-300x198.jpg",300,198,true],"medium_large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",640,423,false],"large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",640,423,false],"1536x1536":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",768,507,false],"2048x2048":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",768,507,false],"covernews-slider-full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",768,507,false],"covernews-slider-center":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37-768x500.jpg",768,500,true],"covernews-featured":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37.jpg",768,507,false],"covernews-medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/04\/97e800f536ca0501f1dbfbb7131c7c1ce0c4cd37-400x250.jpg",400,250,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/8657085.xyz\/?author=1"},"category_info":"<a 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